Dems Have One Shot on Taxes. Don’t Blow It
Posted in Main Blog (All Posts) on August 4th, 2011 4:31 am by HL
Dems Have One Shot on Taxes. Don’t Blow It
Ezra Klein, Washington Post
There are now two sides in the American tax debate: the Republican Party, which refuses to have a serious conversation about taxes, and the Democratic Party, which ."‰."‰. refuses to have a serious conversation about taxes.Let's start here: We cannot fund anything close to the government's commitments if we don't raise taxes, or if we let only the Bush tax cuts for income over $250,000 expire. And that's true even if we make deep cuts across all categories of federal spending.
Where’s Your Budget, Mr. President?
Rep. Paul Ryan, Wall Street Journal
During the negotiations over raising the debt ceiling, President Obama reportedly warned Republican leaders not to call his bluff by sending him a bill without tax increases. Republicans in Congress ignored this threat and passed a bill that cuts more than a dollar in spending for every dollar it increases the debt limit, without raising taxes.Yesterday, Mr. Obama signed this bill into law. He was, as he said, bluffing.
Debt Deal May Hurt GOP Nominee With Center
Ed Kilgore, New Republic
With the passage of the debt limit increase package this week, many political activists and observers have undoubtedly heaved a sigh of relief and either headed off on vacation or refocused their attention on the “normal” business of American politics. Certainly the Republican candidates and campaigns have to be happy to dispose of the daily pressure of monitoring and commenting (or, in the case of Mitt Romney, avoiding comments) on the “debt crisis,” without getting crossways with the hyper-conservative activists that will dominate the early stages of…
